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    26 Sanchez Ave St. Augustine, FL 32084

    Sponsored
    For Sale
    $599,000

    Prime Medical/Office Space, High Visibility

    Property size:
    998 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 998-square-foot commercial building in St. Augustine, Florida, is offered at $599,000 ($600.20/sq ft). Located at 26 Sanchez Ave, 32084, this owner-user investment opportunity boasts a 3.84% cap rate and a net operating income (NOI) of $23,000. Currently configured as a medical spa with three to four potential office spaces, the property features original pine floors, a plantation-style patio, and ample shade from mature oak trees. Professionally renovated in 2020, upgrades include a new 220v breaker, an ADA-compliant ramp and bathroom, attic A/C unit replacement, and cosmetic and structural improvements. The building benefits from approximately eight parking spaces and high visibility from US1, with 17,000 cars passing daily. Situated in a CM-2 zoned area, allowing for diverse uses, this property offers a unique blend of historic charm and modern functionality. Available for occupancy September 1, 2024. This property is ideal for a medical practice, office space, or a variety of other businesses.

    Property Features for 26 Sanchez Ave

    General Information

    Property type
    Medical offices
    Square Feet
    998 SF

    HighLights

    • $599,000 asking price for this 998 SF office building.
    • Located at 26 Sanchez Ave, St. Augustine, FL 32084, in a CM‑2 zoned area.
    • Features 3‑4 private offices, ample parking (approx. 8 spaces), and high visibility from US1.
    • Professionally renovated in 2020, including ADA‑compliant upgrades.
    • Currently operating as a medical spa, suitable for owner‑user or investor; 3.84% cap rate, $23,000 NOI, and occupancy date of September 1, 2024.
    Property Profile Location Intelligence

    Current Use by Public Records

    Fountain of Youth Spa Medical Spa Fountain of Youth Longevity ... Weight Loss Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    St. Augustine
    County
    St. Johns
    State
    Florida
    Longitude
    -81.3208851
    Latitude
    29.906193

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    FAQs

    What type of property is this?
    Medical office - Prime Medical/Office Space, High Visibility
    Where is this medical office located?
    The property is located at 26 Sanchez Ave St. Augustine, FL.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: $599,000 asking price for this 998 SF office building.; Located at 26 Sanchez Ave, St. Augustine, FL 32084, in a CM-2 zoned area.; Features 3-4 private offices, ample parking (approx. 8 spaces), and high visibility from US1.
    Request Owner's contact information
    26 Sanchez Ave St. Augustine, FL 32084
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    26 Sanchez Ave St. Augustine, FL 32084
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